For the third consecutive year, Ireland has generated a budget surplus of more than 8 billion euros, almost 2% of GDP. The country stands out from other Eurozone countries that face the challenge of budget deficits. France is in the lead with a deficit now estimated at more than 5% of GDP, well above the 3% established by the institutions.
Amazon, Apple, Microsoft and Pfizer have found in Ireland a welcoming land with advantageous taxation and have established their European headquarters there. Corporate tax thus brought in 24 billion last year to the country.
A financial windfall therefore dependent on the boom and bust cycles of large companies. To secure this exceptional income, the authorities have declared that they want to create a new sovereign fund by 2030.
But this good financial health – coupled with near full employment – is not felt as such by the entire population. Ireland is facing a growing housing deficit, with 250,000 rentals missing. A tension on the market that has caused rental prices to soar and put significant pressure on household budgets.
Also readIreland: Housing crisis sends rent prices soaring
A “ illusion de gain » pour 2025 ?
- RFI
